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Goodbye US Postal Service? Nearing Default, Could Shut Down this Winter!
09-05-2011, 11:11 AM #1
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,393 Threads:1,439 Joined:Feb 2011
In the age of e-mail, apparently the US Postal service is a bit past it's prime, and is unable to make ends meet. If congress does not act there will be even more US job losses, but are they still a viable service?

Quote:"the agency is so low on cash that it will not be able to make a $5.5 billion payment due this month and may have to shut down entirely this winter unless Congress takes emergency action to stabilize its finances.

“Our situation is extremely serious,” the postmaster general, Patrick R. Donahoe, said in an interview. “If Congress doesn’t act, we will default.”

In recent weeks, Mr. Donahoe has been pushing a series of painful cost-cutting measures to erase the agency’s deficit, which will reach $9.2 billion this fiscal year. They include eliminating Saturday mail delivery, closing up to 3,700 postal locations and laying off 120,000 workers — nearly one-fifth of the agency’s work force — despite a no-layoffs clause in the unions’ contracts."

Read more: nytimes.com

wonder.gif
09-05-2011, 03:00 PM #2
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
This has been coming for a while.

Quote:Labor represents 80 percent of the agency’s expenses, compared with 53 percent at United Parcel Service and 32 percent at FedEx, its two biggest private competitors.

coffeetime.gif
09-05-2011, 03:36 PM #3
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,393 Threads:1,439 Joined:Feb 2011
I wonder if they will be allowed to fail?

wonder.gif
09-05-2011, 03:51 PM #4
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
No idea JR, it's an inefficient bloated top heavy expense for the tax payers. IOW, government chuckle.gif Just guessing but I'm thinking they'll privatize a lot of it, give no bid ocntracts to competitors with lobbyists on capitol hill and it'll cost just as much, but the profits will go to corporate pockets, the employees will take massive wage cuts or lose their jobs altogether.
09-05-2011, 04:16 PM #5
Octo Mother Superior
Posts:43,001 Threads:1,473 Joined:Feb 2011
The US Postal Service is in need of reformation no doubt. Here a comparison between USPS and Itella that operates in Finland and became a public company about ten years ago.

Quote:The United States Postal Service (also known as USPS, the Post Office or U.S. Mail) is an independent agency of the United States government responsible for providing postal service in the United States. It is one of the few government agencies explicitly authorized by the United States Constitution.

The USPS employs over 574,000 workers and over 218,000 vehicles, and if it were a civilian company, it would be the second-largest employer in the United States after Wal-Mart, and the operator of the largest vehicle fleet in the world.[5] The USPS is obligated to serve all Americans, regardless of geography, at uniform price and quality.

http://en.wikipedia.org/wiki/US_Postal_Service

Quote:Itella Corporation[2] (Finnish: Itella Oyj, Swedish: Itella Abp) is a national mail enterprise owned by the Finnish state, headquartered in Pohjois-Pasila, Helsinki.[2][3][4] Besides domestic operations, it operates in twelve other European countries. Through its subsidiary, Itella Posti Oy, Itella provides postal services in Finland.

Itella is subject to a universal service obligation covering, among other areas, the delivery of letters and parcels on weekdays in every Finnish municipality. In addition to traditional postal services, the company concentrates on service logistics and digital signal transmission.

Net income EUR 1,841.6 million
Owner(s) Government of Finland
Employees 28 916 (31.12.2010)[1]

http://en.wikipedia.org/wiki/Itella

hmm.gif
09-05-2011, 04:25 PM #6
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,393 Threads:1,439 Joined:Feb 2011
I'm not certain why the postal service is in such a shambles when other organizations are making a profit. Shadow is probably right, privatization and big money into corporate pockets somewhere in the Canary Islands, Jersey or some other tax shelter.

wonder.gif
09-05-2011, 04:31 PM #7
Octo Mother Superior
Posts:43,001 Threads:1,473 Joined:Feb 2011
The USPS is a Govt agency, what the hell did you expect chuckle.gif

Meanwhile...

Itella Logistics develops its services in the U.S.

01.09.2011

Itella Logistics and Mainfreight USA have agreed to start cooperation starting from September 2011. The relationship includes all eight Itella Logistics homeland countries. With this agreement, Itella Logistics strengthens its position as the service provider in road, air and sea freight forwarding as well as warehousing services and comprehensive logistics solutions in the U.S.

http://www.itella.com/group/english/curr...t_usa.html

Perhaps they should have reformed the postal service a long time ago...Now there are already successful businesses ready to move in...just waiting for the beast to die damned.gif
09-05-2011, 11:01 PM #8
yankees skier
Posts:5,898 Threads:215 Joined:Feb 2011
I think the logical thing to do is eliminate Saturday delivery.

Biere.
09-05-2011, 11:45 PM #9
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,393 Threads:1,439 Joined:Feb 2011
The postman deliver on bikes here, that saves tons of cash and they don't deliver on Saturdays.

wonder.gif
Ninelives Show this Post
09-06-2011, 02:32 AM #10
Ninelives Incognito Anonymous
 
All we get is junk mail anyways.
09-06-2011, 02:52 AM #11
Kreeper Griobhtha
Posts:10,782 Threads:647 Joined:Feb 2011
WHO THE HELL IS GONNA BRING MY NETFLIX?


gaah.gif

Politicians hide themselves away
They only started the war
Why should they go out to fight?
They leave that role to poor



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